EL FAROUQ FOUNDATION
Provides educational grants to the postgraduate students and makes donations to the charitable institutions.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net surplus of £11,424 for the year ended 31 December 2024, bringing total unrestricted reserves to £1,108,322. The trustees report that this level of funding is adequate to support future activities and meet commitments. The financial statements were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £65k | £59k |
| 31/12/2023 | £50k | £80k |
| 31/12/2022 | £28k | £23k |
| 31/12/2021 | £323 | £64k |
| 31/12/2020 | £6k | £41k |
Common questions
Is EL FAROUQ FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net surplus of £11,424 for the year ended 31 December 2024, bringing total unrestricted reserves to £1,108,322. The trustees report that this level of funding is adequate to support future activities and meet commitments. The financial statements were prepared on a going concern basis with no material uncertainties identified.